Brink’s Company (The) (NYSE:BCO – Get Free Report) announced a quarterly dividend on Thursday, October 1st. Shareholders of record on Monday, November 2nd will be given a dividend of $0.2550 per share by the business services provider on Tuesday, December 1st. This represents a $1.02 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 2nd.
Brink’s has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Brink’s has a dividend payout ratio of 11.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Brink’s to earn $10.15 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 10.0%.
Brink’s Trading Down 0.8%
BCO opened at $100.15 on Friday. The company has a debt-to-equity ratio of 8.80, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 23.15 and a beta of 0.97. The company’s 50 day moving average price is $110.71 and its two-hundred day moving average price is $106.95. Brink’s has a fifty-two week low of $91.05 and a fifty-two week high of $136.37.
Institutional Trading of Brink’s
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Brink’s in the fourth quarter worth approximately $61,105,000. Engine Capital Management LP raised its position in Brink’s by 1,237.6% during the 1st quarter. Engine Capital Management LP now owns 549,417 shares of the business services provider’s stock valued at $56,936,000 after purchasing an additional 508,343 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Brink’s in the 2nd quarter worth approximately $31,028,000. Janus Henderson Group PLC grew its position in shares of Brink’s by 353.8% in the 1st quarter. Janus Henderson Group PLC now owns 175,369 shares of the business services provider’s stock worth $18,174,000 after buying an additional 136,725 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Brink’s during the first quarter valued at approximately $7,461,000. Hedge funds and other institutional investors own 94.96% of the company’s stock.
About Brink’s
Brink’s Company (NYSE:BCO) is a global provider of security and cash-management services. The company transports, processes and safeguards cash and other valuable assets for financial institutions, retailers, governments and other commercial customers.
Its services include cash-in-transit, cash processing, ATM replenishment and maintenance, vault outsourcing, and related cash-management solutions. Through Brink’s Global Services, the company also provides secure transportation and logistics for high-value goods, including precious metals, jewelry, gemstones, electronics and other valuables.
Founded in 1859 by Perry Brink, the company has grown from a U.S.
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